NOT LISTED FOR SALE
12 Beds
8 Baths
4,576 Sq Ft
9,864 Sq Ft Lot

Sale Details

Date Sold: March 24, 2023

Last sale price $1,998,000 $437 Per Sq Ft

7 Days on Market

About This Home

As of March 2023

7713 California Avenue is an 8-unit multifamily investment asset located in the highly desirable rental market of Huntington Park. The property features (4) two-bedroom units and (4) one-bedroom units with (8) carport parking spaces on 9,863 square feet of prime Southern California land. Some features and improvements include newer windows, individual meters for both gas and electricity and on-site laundry. Furthermore, the current loan in the amount of $949,800 at 3.80% fixed until April 2025 is assumable. The subject property has been in the same family for decades and is an excellent investment opportunity because of it's great location, strong unit mix and upside in rental income.

Last Agent to Sell the Property

Nicholas Petrosian

Remax Commercial and Investment Realty License #01462598 Listed on: 01/19/2023

Co-Listed By

Juan Cardenas

Remax Commercial and Investment Realty License #01233927

Last Buyer's Agent

Juan Cardenas

Remax Commercial and Investment Realty License #01233927

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 9,864

Interior Spaces

  • 4,576 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

Parking

  • 8 Parking Spaces
  • Carport

Additional Features

  • 9,864 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Assessor Parcel Number 6213-021-021

Community Details

Overview

  • 2 Buildings
  • 8 Units

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

9,864 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Living Area: 4576
  • Lot Acreage: 0.2264
  • Stories: 2
  • Year Built: 1949
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 12
  • Laundry: Community
  • Total Bathrooms: 8.00
  • Price Per S Q F T: 436.63

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Carport
  • Total Parking: 8

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 57.50
  • Assessed Improvement Value: 486788
  • Assessed Land Percent: 42.5
  • Assessed Land Value: 359797
  • Total Assessed Value: 846585
  • Assessor Parcel Number: 6213-021-021
  • Lot Size Area: 9864

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 13.02
  • Number Of Units: 8
  • Type Of Units: Multifamily

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2023
Closed on
Mar 15, 2023
Sold by
Bought by
Seller's Agent
Nicholas Petrosian
Remax Commercial and Investment Realty
Buyer's Agent
Juan Cardenas
Remax Commercial and Investment Realty
List Price
$1,998,000
Sold Price
$1,998,000
Views
45

Purchase Details

Closed on
Mar 6, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
3.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 14, 2009
Sold by
Bought by

Purchase Details

Closed on
Sep 25, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$423,500
Interest Rate
6.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 16, 1993
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,065,500 Chicago Title Company
-- Provident Title Co
-- None Available
-- Commonwealth Land Title Co
-- Commonwealth Land Title Co
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,000,000
Previous Owner $617,000
Previous Owner $520,000
Previous Owner $423,500
Previous Owner $395,000
Previous Owner $345,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/24/2023 03/24/23 Sold $1,998,000 0.0% $437 / Sq Ft
01/26/2023 01/26/23 Pending -- -- --
01/19/2023 01/19/23 For Sale $1,998,000 -- $437 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $31,872 $2,078,719 $1,248,480 $830,239
2024 $31,165 $2,037,960 $1,224,000 $813,960
2023 $14,744 $863,515 $366,992 $496,523
2022 $14,138 $846,585 $359,797 $486,788
2021 $13,936 $829,987 $352,743 $477,244
2019 $13,714 $805,822 $342,282 $463,540
2018 $13,192 $790,031 $335,571 $454,460
2016 $12,548 $758,923 $322,542 $436,381
2015 $12,341 $747,525 $317,698 $429,827
2014 $12,320 $732,883 $311,475 $421,408
Source: Public Records

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Map

Source: The MLS

MLS Number: 23-233927

The MLS
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